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TBT seems to be forming a clean EW
, waiting for wave-4 entry point...
The worst case scenario:
We are going DOWN as Wave 5)3 :eek: .
The Red Lines will be the first and second SELL Signals
.
Quote from ed:
Quote from ed:
Here's a SPX weekly to better illustrate my point about the "B" wave down.
SPX Weekly
http://www.elitetrader.com/vb/attachment.php?s=&postid=2259280
I think the minor "b" has just been completed as the running triangle just now.
So the next move could be a "c" wave of "B" wave down.
Couldn't update the charts as my charts have a mind of their own today....
Updated SPX 60min
Just in case I counted the running triangle too fast.....
Here's an alternative...
SPX 60min
If I am counting the SPX correctly, then leg "e" is completing soon and then.... goodnight irene....
Or am I counting too fast again.....
Seven threes : 3-3-3-3-3-3-3
.
The second red line still holds
.
Quote from mu200411:
Seven threes : 3-3-3-3-3-3-3 .
The second red line still holds .
Sometimes the "d" wave morphs into a triangle itself....
So it'll take two more to make a 9 and complete the triangle...
Update...
Looking better...
See what you think...
SPX 30min
The last three turned out to be a five
.
There may be a measured move of 300, 30, 60 points UP
.
